Castle Minerals claims new gold discovery at Kpali

THE DRILL SERGEANT: Castle Minerals (ASX: CDT) capped off a good week by announcing RC drilling at the company’s Kpali prospect in north‐west Ghana has intersected gold mineralisation.

Three RC holes were completed to test oxide gold intercepts reported from previous RAB drilling.

All three RC holes intersected primary sediment hosted gold mineralisation.

Gold intercepts (5m composite samples) from the drilling at Kpali include:

–    30 metres at 0.57 grams per tonne gold from 40 metres, including 5 metres at 1.42 grams per tonne gold from 40 metres;

–    15m at 1.28g/t gold from 60m; and

–    25m at 1.01g/t gold from 50m, including 10m at 1.52g/t gold from 60m.

Castle said the recent RC drilling had only tested the southern 200m of a 600m long RAB anomaly as new RAB drilling results were only received after the RC rig left site.

“Kpali is an exciting new gold discovery for the company with excellent potential to host a significant gold resource,” Castle Minerals managing director Mike Ivey said in the company’s announcement to the Australian Securities Exchange.

“We plan to recommence drilling in the area as soon as possible.”

Kpali is situated four kilometres south of Castle’s Bundi prospect and is considered by the company to be hosted within similar host rocks but does not display the high zinc and base metals association seen at Bundi.

 

Regional geology for the Wa South area showing location of Bundi and Kpali prospects. Source: Company announcement

 

Alteration at Kpali has been observed by Castle as predominantly pyrite‐silica‐sericite.

Kpali is a grassroots gold discovery in a previously unexplored area.

The company indicated its next steps at the prospect include individual metre analysis of gold samples, RAB and RC drilling and airborne geophysical surveys.